Two former Parramatta Eels players are accused of harbouring semi-automatic weapons and possessing more than half-a-million dollars in cash after dramatic arrests in Sydney's Centennial Park yesterday.

Related Articles

Labor finance spokesman Tony Burke hit back, saying the government's bottom line took into account so-called "zombie" measures worth $6.9 billion and unlikely ever to be passed by the parliament.

"They cannot and will not deliver the numbers that are contained within the budget," he told reporters.

The Labor costings were produced working closely with the independent Parliamentary Budget Office over the past three years.

The costings and final budget position have also been signed off by an independent panel that included Professor Robert Officer from the Chicago University, who conducted a commission of audit for the Howard government, former Finance Department secretary Michael Keating, and James MacKenzie, a former chief executive of Norwich Union Australia.

Labor said its total budget improvement over the next decade would be more than $130 billion, including two new announcements amounting to $2 billion.

From July 2017, Labor will place a $5000 cap on the deduction individuals can claim for the cost of managing their tax affairs, saving $1.7 billion to 2026/27.

Labor will also remove the private health insurance rebate from policies that only cover public hospital treatment, saving $135.1 million over the four years and $384 million over 10.